Catania, FROM AN ENTREPRENEURIAL CITY TO AN ENTREPRENEURIAL ECOSYSTEM Is the best yet to come?
ROSARIO FARACIUNIVERSITà DEGLI STUDI DI CATANIA
Professor of Business Economics and Management
Journalist
IT'S AN INTERESTING TOPIC
- Social Implications- Impact on Entrepreneurship - Storytelling about the territory
#ecosystem
#catania
Entrepreneurial Ecosystem
"A set of interdependent actors and factors coordinated in such a way as to enable productive entrepreneurship within a particular territory"
DEFINITION OF ENTREPRENEURIAL ECOSYSTEM (STAM & SPIGEL, 2016)
ENTREPRENEURIAL ECOSYSTEM
THE "BIG PICTURE"
FIRMS AND INSTITUTIONS
RELATIONSHIP AND POLICIES
ACTORS
FACTORS
Who are the main protagonists and which are the components of an entrepreneurial ecosystem?
Which factors drive the entrepreneurial ecosystem?
PEOPLE PROFIT PLANET
ENTREPRENEURSHIP
IMPACT
RESULTS
What is the impact of an entrepreneurial ecosystems in terms of Sustainable Development Goals (Agenda 2030)?
Which are the metrics of productive entrepreneurship?
Catania Urban District or Catania Metropolitan Area?
What's the optimal size of the territory
or South-East of Sicily? or what?
CATANIA
AN ENTREPRENEURIAL CITY OR AN ENTREPRENEURIAL ECOSYSTEM?
ACTORS
A MAP OF CATANIA URBAN DISTRICT
University of Catania
Research Centers
Secondary Schools
University Departments.
UNICT: 17 + 3Teaching Centers
35,647 enrolled5,740 graduate
INGV, INFN, CNR, INAF JOL TIM, etc.
21 in Catania22,398 students
Firms
Large firms
Innovative Startups
Innovative SMEs
25 only in CT
143 in Catania
17 residents
24,186 units86,260 employees
Certified Incubators
Investitors
Banks
Certified Public Accountants
ENEL, STM, ZOETIS, PSTS, Pelligra Groups,Big Fish ( Renantis Groups), etc.
0, but few not certified are active
30 in Catania
2,000 ODCECCT
Which are the results of such entrepreneurial flows?
A DIFFERENT STORYTELLING VS THE DOMINANT STORYTELLING
Dominant Storytelling
98°
Il Sole 24 Ore
QUALITY OF LIFE OF IITALIAN PROVINCES
106°
Italia Oggi
97°
Economia Civile
An alternative storytelling
6°
net registration rate in the Company Register
14°
ceased firms every 100,000 active firms
Catania Entrepreneurial City
16°
businesses under 35 for every 100 registered businesses
22°
innovative startups for every 1,000 joint-stock companies
23°
innovative startups and SMEs for every 100,000 registered businesses
love need casuality
La Sicilia January,4 2024
creation of new businesses out of the total number of businesses in 10 years: +5.80% higher than the national average (new entrepreneurship) innovative startups out of the total joint-stock companies in 10 years: +1.28% higher than the national average (innovative entrepreneurship) graduates who start a self-employed business within one year of graduation out of the total graduates: 11.07% higher than the national average in 10 years (academic entrepreneurship)
FURTHER RESEARCH OF PROF.FARACISOURCES: INFOCAMERE, REGISTRO IMPRESE & ALMALAUREA
0.33 average 5years
6.25 billions €
Intra-preneurship
La Sicilia April 4, 2024
PRODUCTIVE ENTREPRENEURSHIP
ONLY IN CATANIA
Start up e PMI innovative: 143 + 25 Young businesses (within the first 5 years): 1,130 in 2023 (estimate compared to provincial data) Large Firms: 17
PRODUCTIVE ENTREPRENEURSHIP
EXTENDING CATANIA TO THE METROPOLITAN AREA
Start up & Innovative SMEs: 243 + 50 Young businesses (within the first 5 years): 4,968 in 2023 Large firms: 40
IS CATANIA AN ENTREPRENEURIAL ECOSYSTEM?
A STORYTELLING BASED ON EVIDENCE
THE POSITION OF CATANIA
A SURVEY OF 2022
Catania's entrepreneurial ecosystem is the first in Sicily, the tenth in the South-Islands area, but with a score of 7.96 it deviates from the national average (10) It ranks 57th nationally.
VALENCIA
TURIN
2018
What is Catania missing to get closer to these two more mature entrepreneurial ecosystem models?
Go back to the definition
"A set of interdependent actors and factors coordinated in such a way as to enable productive entrepreneurship within a particular territory"
Entrepreneurial Ecosystem
DEFINITION OF AN ENTREPRENEURIAL ECOSYSTEM (STAM & SPIGEL, 2016)
EHT
A consortium of IT companies
ISOLA CATANIA
A social firm and a co-working space to boost social entrepreneurship
Some interesting stories
ORANGE FIBER
One of the most visible and successful startup in the territory
SAMOTHRACE
An ecosystem of innovation promoted by the University of Catania
START CUP CATANIA
Business plan competition promoted by University of CT
FREE MIND FOUNDRY
An International Cooperation Hub di Acireale
Some interesting stories
ENEL INNOVATION HUB
An Open Innovation Center promoted by ENEL the largest energy company in Italy
GRUPPO ARENA
The largest Sicilian Company now located in Catania
STEVE JOBS ACADEMY
High specialization school recognized by the Ministry of School
BIC SICILIA
Business and startup incubator promoted by private investors
Some interesting stories
LE VILLAGE
A startup accelerator promoted by Credit Agricole
HARMONIC
A startup incubatore & accelerator promoted by EHT, the consortium of IT firms
INCUBATORE UNICT
An incubator promoted by the University of Catania as a tool of technology transfer
NICT NACT
Living Lab promoted by the City Hall of Catania
Some interesting stories
TIM WCAP
An accelerator promoted by TIM, the largest telecom company in Italy
CONTAMINATION LAB
A co-working space for students promoted by UNICT
ANTONIOPERDICHIZZI
EMANUELE SPAMPINATO
Some of the main actors in the territory - Male Section
MIRKO VIOLA
SIMONE MASSARO
ELITA SCHILLACI
ADRIANA SANTANOCITO
Some of the main actors in the territory - Female Section
ERICA TODARO
LOREDANA CASTRO
57°
7.96
CATANIA
SUSTAINABILITY
Academic Entrepreneurship
Startup & Innovative SMEs
large Firms
New Firms
External Entrepreneurship promoted by non Sicilian investors
Schools, University & Others
Consultants
Incubators
Venture Capital
Crowdfunding
Initiatives promoted by Catania City Hall
Samothrace Foundations
Social Norms
Successful Stories
University Entrepreneurial Programs
Certified Public Accountants and Other Professionals
We are not the Sicilian version of Silicon Valley
We are mentioned as Etna Valley. What is missing?
Interdependency
UNI CT
EHT
STM ENEL
WEAK RELATIONSHIPS AMONG ACTORS
CPA
COM CT
start up
LOW INTERNATIONAL OPENNESS (I.E. EXPORT)
ISOLA
Rosario Faraci
Schools
LITTLE CONSISTENCY OF SOME ELEMENTS (E.G. INFRASTRUCTURE and FINANCE)
Third Sector
Coordination
A hierarchical or relational governance? Publicly supported (Municipality, University) or privately-held or Third Sector-driven? Who is the anchor tenant of the territory?
The CENTRAL THEME OF COORDINATION
WHO IS THE ANCHOR TENANT OF THE CATANIA ECOSYSTEM?
Catania,Greenoble & STMicrolectr.
2009-2011
THEREFORE: GREATER INTERDEPENDENCE BETWEEN THE ACTORS AND EFFECTIVE COORDINATION IS NEEDED
BUT THEY ARE ALSO NEEDED
SMART KNEE
Research activity, patent, second place Start Cup Catania 2023 (Start Cup Sicily-PNI), Spin-off of the University of Catania Prof. Giuseppe Musumeci and his team
KYMIA
Entrepreneurial intuition, first place in Start Cup Catania 2021 and Cup Sicily 2021, patent in collaboration with UNICT, establishment of the start up founders Arianna Campione & Anna Cacopardo
PROBIOETNA
University research activity, patent, second place Start Cup Catania 2020, Spin-Off of the University of Catania collaborates with Sacco System Company Prof. Cinzia Randazzo and her team
RESEARCH AND INNOVATION
PEER-TO-PEER
MENTOR-MENTEE
Start Cup Catania
Youth Hub
CONNECTIONS
ST Microelectronics
Tourism
ICT
Agri-food (wine and oil)
Pharmaceutical Industry
Export
2.3 billion€
2023: +7%
CT
Foreign investments
INTERNATIONALIZATION
DIRECTION
IDENTITY AND VOCATION
Entrepreneurial ecosystem with a plural economy (multi-sector)? Entrepreneurial ecosystem with an IT-technological vocation? Microelectronically driven entrepreneurial ecosystem? Entrepreneurial ecosystem with a social vocation?
Ultimately what matters in an entrepreneurial ecosystem...
IMPACT (OUTCOME) - SUSTAINABLE DEVELOPMENT GOALS
If Catania were a more mature entrepreneurial ecosystem
Social Cohesion
Mismatch in the job market
Youth emigration
Suburbs
impact
STEM Graduates
Gender Gap
Youth female unemployment
School dropout
Educational Poverty
Moral Question
Talent Trap
Economic Poverty
NEET
Legality
Marea will be the Sicilian foundation dedicated to supporting the creation of impact businesses in Sicily, with the aim of creating job opportunities and fighting depopulation. Currently, it does not yet exist: we are raising 300,000 euros to cover the costs of the structure and the start-up fund and officially establish it on 18 December 2024, World Migrant Day.
Port, Airport, A18 and A19 (Highways), Metro, Railways make the entrepreneurial ecosystem of Catania "naturally" open to other neighboring territorial ecosystems (Southeast Sicily) Etna is a factor in the attractiveness of the area The most appropriate entrepreneurial ecosystem in Catania is the metropolitan one.
CATANIA
AN ENTREPRENEURIAL ECOSYSTEM ON A LARGE SCALE
We always look at the glass half full Yes, the best is yet to come
CATANIA
AN ENTREPRENEURIAL ECOSYSTEM ON A LARGE SCALE
THANKS!
Rosario Faraci
ISOLA CATANIA NOVEMBER 25, 2024
Rosario Faraci
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Catania, FROM AN ENTREPRENEURIAL CITY TO AN ENTREPRENEURIAL ECOSYSTEM Is the best yet to come?
ROSARIO FARACIUNIVERSITà DEGLI STUDI DI CATANIA
Professor of Business Economics and Management
Journalist
IT'S AN INTERESTING TOPIC
- Social Implications- Impact on Entrepreneurship - Storytelling about the territory
#ecosystem
#catania
Entrepreneurial Ecosystem
"A set of interdependent actors and factors coordinated in such a way as to enable productive entrepreneurship within a particular territory"
DEFINITION OF ENTREPRENEURIAL ECOSYSTEM (STAM & SPIGEL, 2016)
ENTREPRENEURIAL ECOSYSTEM
THE "BIG PICTURE"
FIRMS AND INSTITUTIONS
RELATIONSHIP AND POLICIES
ACTORS
FACTORS
Who are the main protagonists and which are the components of an entrepreneurial ecosystem?
Which factors drive the entrepreneurial ecosystem?
PEOPLE PROFIT PLANET
ENTREPRENEURSHIP
IMPACT
RESULTS
What is the impact of an entrepreneurial ecosystems in terms of Sustainable Development Goals (Agenda 2030)?
Which are the metrics of productive entrepreneurship?
Catania Urban District or Catania Metropolitan Area?
What's the optimal size of the territory
or South-East of Sicily? or what?
CATANIA
AN ENTREPRENEURIAL CITY OR AN ENTREPRENEURIAL ECOSYSTEM?
ACTORS
A MAP OF CATANIA URBAN DISTRICT
University of Catania
Research Centers
Secondary Schools
University Departments.
UNICT: 17 + 3Teaching Centers
35,647 enrolled5,740 graduate
INGV, INFN, CNR, INAF JOL TIM, etc.
21 in Catania22,398 students
Firms
Large firms
Innovative Startups
Innovative SMEs
25 only in CT
143 in Catania
17 residents
24,186 units86,260 employees
Certified Incubators
Investitors
Banks
Certified Public Accountants
ENEL, STM, ZOETIS, PSTS, Pelligra Groups,Big Fish ( Renantis Groups), etc.
0, but few not certified are active
30 in Catania
2,000 ODCECCT
Which are the results of such entrepreneurial flows?
A DIFFERENT STORYTELLING VS THE DOMINANT STORYTELLING
Dominant Storytelling
98°
Il Sole 24 Ore
QUALITY OF LIFE OF IITALIAN PROVINCES
106°
Italia Oggi
97°
Economia Civile
An alternative storytelling
6°
net registration rate in the Company Register
14°
ceased firms every 100,000 active firms
Catania Entrepreneurial City
16°
businesses under 35 for every 100 registered businesses
22°
innovative startups for every 1,000 joint-stock companies
23°
innovative startups and SMEs for every 100,000 registered businesses
love need casuality
La Sicilia January,4 2024
creation of new businesses out of the total number of businesses in 10 years: +5.80% higher than the national average (new entrepreneurship) innovative startups out of the total joint-stock companies in 10 years: +1.28% higher than the national average (innovative entrepreneurship) graduates who start a self-employed business within one year of graduation out of the total graduates: 11.07% higher than the national average in 10 years (academic entrepreneurship)
FURTHER RESEARCH OF PROF.FARACISOURCES: INFOCAMERE, REGISTRO IMPRESE & ALMALAUREA
0.33 average 5years
6.25 billions €
Intra-preneurship
La Sicilia April 4, 2024
PRODUCTIVE ENTREPRENEURSHIP
ONLY IN CATANIA
Start up e PMI innovative: 143 + 25 Young businesses (within the first 5 years): 1,130 in 2023 (estimate compared to provincial data) Large Firms: 17
PRODUCTIVE ENTREPRENEURSHIP
EXTENDING CATANIA TO THE METROPOLITAN AREA
Start up & Innovative SMEs: 243 + 50 Young businesses (within the first 5 years): 4,968 in 2023 Large firms: 40
IS CATANIA AN ENTREPRENEURIAL ECOSYSTEM?
A STORYTELLING BASED ON EVIDENCE
THE POSITION OF CATANIA
A SURVEY OF 2022
Catania's entrepreneurial ecosystem is the first in Sicily, the tenth in the South-Islands area, but with a score of 7.96 it deviates from the national average (10) It ranks 57th nationally.
VALENCIA
TURIN
2018
What is Catania missing to get closer to these two more mature entrepreneurial ecosystem models?
Go back to the definition
"A set of interdependent actors and factors coordinated in such a way as to enable productive entrepreneurship within a particular territory"
Entrepreneurial Ecosystem
DEFINITION OF AN ENTREPRENEURIAL ECOSYSTEM (STAM & SPIGEL, 2016)
EHT
A consortium of IT companies
ISOLA CATANIA
A social firm and a co-working space to boost social entrepreneurship
Some interesting stories
ORANGE FIBER
One of the most visible and successful startup in the territory
SAMOTHRACE
An ecosystem of innovation promoted by the University of Catania
START CUP CATANIA
Business plan competition promoted by University of CT
FREE MIND FOUNDRY
An International Cooperation Hub di Acireale
Some interesting stories
ENEL INNOVATION HUB
An Open Innovation Center promoted by ENEL the largest energy company in Italy
GRUPPO ARENA
The largest Sicilian Company now located in Catania
STEVE JOBS ACADEMY
High specialization school recognized by the Ministry of School
BIC SICILIA
Business and startup incubator promoted by private investors
Some interesting stories
LE VILLAGE
A startup accelerator promoted by Credit Agricole
HARMONIC
A startup incubatore & accelerator promoted by EHT, the consortium of IT firms
INCUBATORE UNICT
An incubator promoted by the University of Catania as a tool of technology transfer
NICT NACT
Living Lab promoted by the City Hall of Catania
Some interesting stories
TIM WCAP
An accelerator promoted by TIM, the largest telecom company in Italy
CONTAMINATION LAB
A co-working space for students promoted by UNICT
ANTONIOPERDICHIZZI
EMANUELE SPAMPINATO
Some of the main actors in the territory - Male Section
MIRKO VIOLA
SIMONE MASSARO
ELITA SCHILLACI
ADRIANA SANTANOCITO
Some of the main actors in the territory - Female Section
ERICA TODARO
LOREDANA CASTRO
57°
7.96
CATANIA
SUSTAINABILITY
Academic Entrepreneurship
Startup & Innovative SMEs
large Firms
New Firms
External Entrepreneurship promoted by non Sicilian investors
Schools, University & Others
Consultants
Incubators
Venture Capital
Crowdfunding
Initiatives promoted by Catania City Hall
Samothrace Foundations
Social Norms
Successful Stories
University Entrepreneurial Programs
Certified Public Accountants and Other Professionals
We are not the Sicilian version of Silicon Valley
We are mentioned as Etna Valley. What is missing?
Interdependency
UNI CT
EHT
STM ENEL
WEAK RELATIONSHIPS AMONG ACTORS
CPA
COM CT
start up
LOW INTERNATIONAL OPENNESS (I.E. EXPORT)
ISOLA
Rosario Faraci
Schools
LITTLE CONSISTENCY OF SOME ELEMENTS (E.G. INFRASTRUCTURE and FINANCE)
Third Sector
Coordination
A hierarchical or relational governance? Publicly supported (Municipality, University) or privately-held or Third Sector-driven? Who is the anchor tenant of the territory?
The CENTRAL THEME OF COORDINATION
WHO IS THE ANCHOR TENANT OF THE CATANIA ECOSYSTEM?
Catania,Greenoble & STMicrolectr.
2009-2011
THEREFORE: GREATER INTERDEPENDENCE BETWEEN THE ACTORS AND EFFECTIVE COORDINATION IS NEEDED
BUT THEY ARE ALSO NEEDED
SMART KNEE
Research activity, patent, second place Start Cup Catania 2023 (Start Cup Sicily-PNI), Spin-off of the University of Catania Prof. Giuseppe Musumeci and his team
KYMIA
Entrepreneurial intuition, first place in Start Cup Catania 2021 and Cup Sicily 2021, patent in collaboration with UNICT, establishment of the start up founders Arianna Campione & Anna Cacopardo
PROBIOETNA
University research activity, patent, second place Start Cup Catania 2020, Spin-Off of the University of Catania collaborates with Sacco System Company Prof. Cinzia Randazzo and her team
RESEARCH AND INNOVATION
PEER-TO-PEER
MENTOR-MENTEE
Start Cup Catania
Youth Hub
CONNECTIONS
ST Microelectronics
Tourism
ICT
Agri-food (wine and oil)
Pharmaceutical Industry
Export
2.3 billion€
2023: +7%
CT
Foreign investments
INTERNATIONALIZATION
DIRECTION
IDENTITY AND VOCATION
Entrepreneurial ecosystem with a plural economy (multi-sector)? Entrepreneurial ecosystem with an IT-technological vocation? Microelectronically driven entrepreneurial ecosystem? Entrepreneurial ecosystem with a social vocation?
Ultimately what matters in an entrepreneurial ecosystem...
IMPACT (OUTCOME) - SUSTAINABLE DEVELOPMENT GOALS
If Catania were a more mature entrepreneurial ecosystem
Social Cohesion
Mismatch in the job market
Youth emigration
Suburbs
impact
STEM Graduates
Gender Gap
Youth female unemployment
School dropout
Educational Poverty
Moral Question
Talent Trap
Economic Poverty
NEET
Legality
Marea will be the Sicilian foundation dedicated to supporting the creation of impact businesses in Sicily, with the aim of creating job opportunities and fighting depopulation. Currently, it does not yet exist: we are raising 300,000 euros to cover the costs of the structure and the start-up fund and officially establish it on 18 December 2024, World Migrant Day.
Port, Airport, A18 and A19 (Highways), Metro, Railways make the entrepreneurial ecosystem of Catania "naturally" open to other neighboring territorial ecosystems (Southeast Sicily) Etna is a factor in the attractiveness of the area The most appropriate entrepreneurial ecosystem in Catania is the metropolitan one.
CATANIA
AN ENTREPRENEURIAL ECOSYSTEM ON A LARGE SCALE
We always look at the glass half full Yes, the best is yet to come
CATANIA
AN ENTREPRENEURIAL ECOSYSTEM ON A LARGE SCALE
THANKS!
Rosario Faraci